1 / 7

Pricing a part!

ud83dudcb0 Are you overpaying for parts? ud83eudd14 Use Should-Cost Analysis to break down costs & negotiate better! ud83dudd0dud83dudcca Let AI do the hard work with AIMDRIVE-AI ud83dude80<br><br>ud83dudd17https://aimdrive.com/?utm_source=documents&utm_medium=document&utm_campaign=document_submission <br>ud83dudd17 https://medium.com/@AIMDRIVE-IT/pricing-a-part<br>#Procurement #ShouldCost #AI #CostOptimization #AIMDRIVEAI

AIMDRIVE
Download Presentation

Pricing a part!

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Q &A

  2. PRICING A PART! QUESTION: NEED TO BUILD A SHOULD COST MODEL AS PART OF AN ASSIGNMENT FOR A MANUFACTURED PLASTIC PART FROM A SUPPLIER. COULD SOMEONE EXPERIENCED GIVE ME A ROUGH WAY OF DOING THIS. #SHOULDCOSTMODELLING

  3. AIMDRIVE-AI SOLUTION: Should-cost analysis is one of the most effective ways to conduct a cost analysis for a product. It involves breaking down a product’s total price into key cost components:

  4. AIMDRIVE-AI SOLUTION: Material Costs — The cost of raw materials used in manufacturing Labor Costs — Wages for workers involved in production Overhead Costs — Expenses like equipment, electricity, rent, and corporate overhead Profit Margins — A reasonable profit for the supplier

  5. AIMDRIVE-AI SOLUTION: By estimating each of these components based on industry benchmarks and cost drivers, you can determine a Should Cost — an estimate of what the price should be. Comparing this with supplier quotes allows you to validate, question, or negotiate prices more effectively. It also helps track cost fluctuations over time and set fair pricing agreements.

  6. AIMDRIVE-AI SOLUTION: Tools like AIMDRIVE-AI simplify the process by automating should cost estimates, making it easier to identify cost- saving opportunities and optimize procurement strategies.

  7. AIMDRIVE-AI SOLUTION: ? AIMDRIVE-AI: https://aimdrive.com/ AIMDRIVE-AI

More Related